FREE NEWSLETTER: Econintersect sends a nightly newsletter highlighting news events of the day, and providing a summary of new articles posted on the website. Econintersect will not sell or pass your email address to others per our privacy policy. You can cancel this subscription at any time by selecting the unsubscribing link in the footer of each email.

Wall Street Cheat Sheet: Five of the ten largest bankruptcies in history are not financial sector companies. Some those 'not banks' collapsed due to outright fraud, but the basic theme for banks and non-banks alike is, no surprise, overleverage.

Follow up:

Of course, the list would have been dominated by more financial institutions if behemoths AIG, Citigroup and Bank of America had not been bailed out. Perhaps the entire financial sector might have collapsed and the top ten list would have been all banks and insurance companies. See the complete list and read more.....

No feedback yet

Econintersect News Blog

The growing use of ad blocking software is creating a shortfall in covering our fixed expenses. Please consider a donation to Econintersect to allow continuing output of quality and balanced financial and economic news and analysis.

Keep up with economic news using our dynamic economic newspapers with the largest international coverage on the internet